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house minority leader nancy pelosi sought to project coughs, and even though she said no one broached specific figures for an overall deal. >> i think it would be good if we did something in the 4 trillion dollar category of deficit reduction which is similar to the grand bargain that was discussed last year. >> nonpartisan budget hawks eyeing the opening round of talks with cautious optimism. >> i'm worried people say if i don't get my way i'll go off the cliff and you hear that on both sides, frankly, but i've also seen incredible interest and openness to putting in place a deal, both from president obama and leader boehner, and a number of members of congress. >> an aide to senator majority leader harry reid told fox news, the democrats are open to various tax loopholes only if the republicans agree first to raise taxes on those making $250,000 or higher. sound familiar, chris. >> does a bit. thanks from the white house. president obama won reelection on a promise to raise taxes on high earners as a plan to raise our massive debt. republicans say they agree with the goal, but want
house minority leader nancy pelosi sought to project coughs, and even though she said no one broached specific figures for an overall deal. >> i think it would be good if we did something in the 4 trillion dollar category of deficit reduction which is similar to the grand bargain that was discussed last year. >> nonpartisan budget hawks eyeing the opening round of talks with cautious optimism. >> i'm worried people say if i don't get my way i'll go off the cliff and you hear...
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just in the last day nancy pelosi offering wiggle room. john boehner, mitch mcconnell saying they want the bush tax cuts for everyone. joe, will they have to bend on that? isn't that really the issue? will they bend on the republican side? >> the republicans are going to have to bend. we have to get this done. we've only got 46 days before the -- before we would fall off this fiscal cliff and to fall off the cliff would mean 3.9% hit for gdp next year. we can't afford that because that would potentially throw us into another recession. we want to avoid that at all costs. the big issue i think for most people would be taxes. most people -- and governor rendell said, well, it's not just a matter of tax increases on the wealthiest americans but it's a host of spending challenges that we face across the board that would impact millions of people and certainly impact us in a huge way. i think republicans have to bend. republicans are going to be looking at of course cuts in spending and cuts in entitlements as well as the possibility of new rev
just in the last day nancy pelosi offering wiggle room. john boehner, mitch mcconnell saying they want the bush tax cuts for everyone. joe, will they have to bend on that? isn't that really the issue? will they bend on the republican side? >> the republicans are going to have to bend. we have to get this done. we've only got 46 days before the -- before we would fall off this fiscal cliff and to fall off the cliff would mean 3.9% hit for gdp next year. we can't afford that because that...
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we have house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell from the senate there. as we heard in the last statements, the last two people to take the microphones, nancy pelosi talking about her optimism and confidence out of the meeting today but most importantly there mitch mcconnell bringing up the fact that revenue is on the table and that these were constructive talks. however, bringing up the point that they need to take on entitlement programs and look at those just as fiercely as well as they're looking at tax revenue. we're back with much more right after this. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. some people put everything intotheir name on the door, and their heart into their community. small business saturday is a
we have house speaker john boehner, minority leader nancy pelosi, senate majority leader harry reid, and minority leader mitch mcconnell from the senate there. as we heard in the last statements, the last two people to take the microphones, nancy pelosi talking about her optimism and confidence out of the meeting today but most importantly there mitch mcconnell bringing up the fact that revenue is on the table and that these were constructive talks. however, bringing up the point that they need...
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nancy pelosi suggested maybe there is a bit of wiggle room in the $250,000 amount. maybe we could move it higher who is considered rich in this country. is that something though that you think john boehner is even interested in? >> i think it is probably something that he might consider. this is how negotiations work. congressional "fight club." they stake out their positions and sort of move closer together as they come together and actually meet and discuss this. there are couple options what they can do on the table. president signaled perhaps it doesn't have to be all about getting rates to clinton era levels. perhaps getting revenue from other places. i think that would be healthier, broader tax reform kind of deal made. i'm not sure whether they're all savvy enough to make that deal. i mean. martha: seems to me that is the major issue here. that is what john boehner was hinting at. he is suggesting that if you remove some of the loopholes that is a tax increase on the wealthy in this country. i feel like that is a message that has gotten across in perhaps a cl
nancy pelosi suggested maybe there is a bit of wiggle room in the $250,000 amount. maybe we could move it higher who is considered rich in this country. is that something though that you think john boehner is even interested in? >> i think it is probably something that he might consider. this is how negotiations work. congressional "fight club." they stake out their positions and sort of move closer together as they come together and actually meet and discuss this. there are...
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while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that time? >> reporter: well, i think what they're hoping for an s an outle, a road map, if you will, that they can take back to both sides for more sensible spending cuts than the across-the-board cuts set to go into effect in those 46 days. >> mason: nancy cordes. thanks, nancy. former c.i.a. director david petraeus was questioned by congress today about the september attack on the u.s. consulate in benghazi, libya. petraeus appeared behind closed doors at the capitol. he spoke with members of the house and sena
while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >>...
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both senators harry reid and nancy pelosi have opposed that idea in the past. he says the president can get them to budge. >> yeah, the president essentially wants what he calls balance. either you increase revenue or you, you know, decrease the spending or you try to find some type of balance. when he gets into these democratic side, they don't want programs to be cut on the backs of, let's say, the recipients, middle class recipients. here's nancy pelosi and how she explains that. >> whatever adjustments would be made in social security should be there to strengthen social security, not to subsidize a tax cut for the wealthiest people in america and say that's how we balance the budget. the same thing with medicaid and medicare. again, we have said we support a grand bargain. >> grand bargain. so right now, i think you'd have to say the democrats feel that after the election, they have some type of mandate. the republicans obviously don't agree, but the democrats want to strike while the iron is hot. the president certainly wants to come to a deal as quickly
both senators harry reid and nancy pelosi have opposed that idea in the past. he says the president can get them to budge. >> yeah, the president essentially wants what he calls balance. either you increase revenue or you, you know, decrease the spending or you try to find some type of balance. when he gets into these democratic side, they don't want programs to be cut on the backs of, let's say, the recipients, middle class recipients. here's nancy pelosi and how she explains that....
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according to nancy pelosi, watch the market reversed itself. look at the upward movement in the dow industrials. how often does that happen? lawmakers don't will normally get along and say we are working, we feel great going into the weekend and the dow -- nevertheless, they have got to get something done and they have until the end of the year. all four sound positive, republican and democrat alike, so be it. jamie dimon meantime and his financial giant jpmorgan on the verge of settling with the sec over mortgage-backed securities that the firm was overseeing. charlie gasparino has a lot more. charlie: this is from what we understand a semblance in the neighborhood of $250 million. about half of what goldman sachs paid in its own case of where the sec alleged violated securities laws and peddling talks and securities, jpmorgan, you have to look at a lot of ways. there has to be jpmorgan specific activity that occurred during the financial crisis that most of the charges from what i understand will be relating to what is going on at bear stearn
according to nancy pelosi, watch the market reversed itself. look at the upward movement in the dow industrials. how often does that happen? lawmakers don't will normally get along and say we are working, we feel great going into the weekend and the dow -- nevertheless, they have got to get something done and they have until the end of the year. all four sound positive, republican and democrat alike, so be it. jamie dimon meantime and his financial giant jpmorgan on the verge of settling with...
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pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i want to bring in time magazine's assistant managing editor, rana faruhar. you say some key people are worried next about what is coming up with stocks and bonds, why is that? >> a lot of the top investors in country see that the market has been down. there are major worries still about the fiscal cliff. i wish i could be as optimistic as some, but frankly i'm becoming a little bit worried. i think the issue of tax hikes for the rich in particular is going to be very politically contentious and there are worries we may not make that interviewer deadline and, in fact, if we go over it and stay over it for a few months, we could see the u.s. go back into recessi
pelosi said the goal is to get it done before christmas. we should be so lucky. >> we should be so lucky. holidays are coming up. it is a beautiful back grdrop b you look a little chilly. >> it is a little cold. >> brianna keilar, thank you. >>> what do fiscal cliff talks mean for your money? for your 401(k)? wall street investors might get nervous if talks aren't wrapped up quickly. i want to bring in time magazine's assistant managing editor, rana faruhar. you say...
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. >> i think i saw john boehner and nancy pelosi sharing a rootbeer float out of the same straw at johnny half shell. it's the dawn of a new era. i'm positive about it. >> a lot of important things happened this week. i wasn't totally shocked by any of them, even though the pets russ scandal was a bit surprising. the thing that shocked me the most was, i went to see "lincoln" and it sucked, it was terrible. it wasn't really about the soul of the country as i was led to believe it was going to be, and daniel day-lewis is incredible, he will be in the best actor oscar race but the film -- i want those 2 1/2 hours back. >> toure, we did like another movie though. >> "argo." >> i saw it. >> three thumbs up from "the cycle crew cycle" crew, krystal hasn't seen it yet. >> we were concerned that after the election we would have nothing to talk about, and that's not been a problem. i mean, even on oyour crazy lon list, romney thrusting himself back into the spotlight, even boehner and obama shared a light-hearted tomorrow. >> tomorrow is speaker boehner's birthday. for those who want to wish him
. >> i think i saw john boehner and nancy pelosi sharing a rootbeer float out of the same straw at johnny half shell. it's the dawn of a new era. i'm positive about it. >> a lot of important things happened this week. i wasn't totally shocked by any of them, even though the pets russ scandal was a bit surprising. the thing that shocked me the most was, i went to see "lincoln" and it sucked, it was terrible. it wasn't really about the soul of the country as i was led to...
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let's listen to house minority leader nancy pelosi. >> lifting the spirits and confidence in our country we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that a solution may be in sight. mitch? >> i can only echo the observations of the other leaders it was a constructive meeting. we all understand where we are. i can say on the part of my members that we fully understand that you can't save the country until you have entitlement programs that fit the demographics of the changing america in the coming years. we're prepared to put revenue on the table, provided we fix the real problem. even though most of my members, i think without exception believe that we're in the dilemma we're in not because we tax too little but because we spend too much. one final observ
let's listen to house minority leader nancy pelosi. >> lifting the spirits and confidence in our country we will have an economic downturn that must be avoided. we understand our responsibility there. we understand that it has to be about cuts. it has to be about revenue. it has to be about growth. it has to be about the future. so as we cut investments and as we talk about revenue, we have to do so in a way that promotes growth and supports the future. it was good. i feel confident that...
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. >> reporter: house minority leader nancy pelosi says congress wants to show a message of confidence to the markets and she said they should aim to strike a deal on the fiscal cliff by christmas. the special lasted just over an hour. president obama said nothing explicit about reining in entitlement spending. instead the chief executive spoke about approaching the deficit in a balanced way and talked about long-term impediments to growth. >> i think we are all aware that we have some urgent business to do. we have got to make sure that taxes don't go up on middle class families and our economy remains strong that we are creating jobs and that's an agenda democrats and republicans and independents, people all across the country share. >> reporter: republican leaders gave no indication they are willing to entertain the idea that the president wants them to, namely the raising of tax rates on some particular categories of income earners. the top republican told reporters he believes the dilemma isn't because we tax too little, but because we spend too much. >> we fully understand that y
. >> reporter: house minority leader nancy pelosi says congress wants to show a message of confidence to the markets and she said they should aim to strike a deal on the fiscal cliff by christmas. the special lasted just over an hour. president obama said nothing explicit about reining in entitlement spending. instead the chief executive spoke about approaching the deficit in a balanced way and talked about long-term impediments to growth. >> i think we are all aware that we have...
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this morning president obama and the four top congressional leaders john boehner, nancy pelosi, harry reid, mitch mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're coming in both sides with their essential positions intact. all, both sides are saying that there is some room for a compromise. so, the essential thing is how do you compromise? if you look at the positions, let's say, of the republicans, and it's most strongly, as i say, relayed by senator mitch mcconnell, he does not, and they do not, want any tax increases. so let's listen to him first. >> and let's be clear, an opening bid of $1.6 trillion of new taxes just isn't serious. it's more than simpson-bowles or any other bipartisan commission has called for. it's been unanimously rejected in the house and
this morning president obama and the four top congressional leaders john boehner, nancy pelosi, harry reid, mitch mcconnell all will begin talks at the white house. cnn's jill dougherty is following those developments for us this morning. she's in our washington, d.c. bureau. good morning, jill. >> hello, soledad. well, this is it. both sides are going to be there. they're looking at the tone. they're looking at the president, what kind of tone will he set? you have to say that they're...
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pelosi needs to become speaker again. and that's going to happen if the republicans keep thinking like mitt romney. >> you know, that's the question, ashley, and that is as you see the demographic changes, younger voters tend to be more liberal. we have a lot of hispanic people moving into the country, having a lot of kids and voting and being citizens, becoming part of the political process more than ever. and you have african-american voters, an african-american president, but there are other factors that have led them to the democratic party potentially. you see a lot of potential for the democratic party to grow. then when you add insult to injury, the other party says you were all bought, it seems to me that would just sort of fortify the democratic tendencies of the people we're talking about here. >> well, it's unclear what wing of the republican party mitt romney, you know, is going to be representing going forward, and i think that's one of the reasons you saw -- >> the mayor says he's out of business. i'm not su
pelosi needs to become speaker again. and that's going to happen if the republicans keep thinking like mitt romney. >> you know, that's the question, ashley, and that is as you see the demographic changes, younger voters tend to be more liberal. we have a lot of hispanic people moving into the country, having a lot of kids and voting and being citizens, becoming part of the political process more than ever. and you have african-american voters, an african-american president, but there are...
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pelosi. >>> now, to the escalating controversy of the use of caffeine in energy drinks and a new line of cracker jacks. the manufacturers say these products are perfectly safe. but the fda is looking into caffeine concerns. and so is abc's jim avila. >> reporter: abc news has obtained 92 of what the fda called adverse event reports. the latest of which is an october death claim of sudden cardiac arrest. the government is founding. but the founder of 5-hour is fighting back, saying his product is not harmful. some people swear by it. >> i feel more alert. i feel awake. >> reporter: others overdo it, as in these youtube videos. >> chug. chug. >> reporter: but this morning, the ceo and founder of 5-hour energy drink, tells abc news that kind of abuse is the only way to hurt yourself with his product. >> if you had ten cups of coffee in an hour, i think you'd end up in a hospital. that would really be a dumb thing to do. >> reporter: bhargava says the deaths and hospitalizations, recording to the fda because of his 5-hour energy drink was because the product was abused. not because it's d
pelosi. >>> now, to the escalating controversy of the use of caffeine in energy drinks and a new line of cracker jacks. the manufacturers say these products are perfectly safe. but the fda is looking into caffeine concerns. and so is abc's jim avila. >> reporter: abc news has obtained 92 of what the fda called adverse event reports. the latest of which is an october death claim of sudden cardiac arrest. the government is founding. but the founder of 5-hour is fighting back,...
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>> if the president had a mandate nancy pelosi would be the speaker of the house and that isn't going to happen in january. >> what about your outlook we just have a couple seconds left the same question to some extent chris van hollen. how confident are you right now as these first face-to-face negotiations began at the end of the day there will be ideal but you and your colleagues can support. >> i think there's an opportunity the president house to lead the country in a way that he wanted to back in 2008. there's a benefit to the limited government. the president didn't have it in 2009 when there was an expectation just move forward with the engine that entirely. now there's a restraining influence known as house republicans, and i think that there is an opportunity for both of these men the president and the united states who will know from my days in the state senate the speaker of the house and their dispositions to come up with a ready to get us out of it. >> would be better if it is just the two of them the room? >> are you stringing me out? what are you doing to me? >> they b
>> if the president had a mandate nancy pelosi would be the speaker of the house and that isn't going to happen in january. >> what about your outlook we just have a couple seconds left the same question to some extent chris van hollen. how confident are you right now as these first face-to-face negotiations began at the end of the day there will be ideal but you and your colleagues can support. >> i think there's an opportunity the president house to lead the country in a way...
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boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal. but you haven't seen the hero that jumped inside to save her, he's coming up this hour. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. it's a new way to get cash back deals, and it's called bankamerideals! i sign into my online banking... click the "cash back deals tab"... and pick the deals i want. i just use my bank of america debit or credit card when
boehner and mcconnel and nancy pelosi and harry reed reed. without a deal billions of tax increases go into affect january 1st. and those are your head lines. i would like to be a fly on the wall for that meeting. >> brian: there is shock waves across the markets. coming in way above expectations, remember that explanation. hurricane sandy's fault. everyone gets fired when a hurricane hits? what kind of logic is that. >> a crash scene with a baby girl trapped in the twisted metal....
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meant to pelosi. a lot of kudos to the president as well, but nancy pelosi played a major role. i could go on and on. that the policy is a prolific and is a wonderful leader. -- nancy pelosi is a prolific and wonderful leader. host: thank you so much for joining us today. that is our show for the "washington journal." we will take you now live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] chaplain, father conroy. chaplain conroy: let us pray. eternal god, we give you thanks for giving us another day. we come to the end of a week during which some members of this people's house have come to complete their service in the congress and others have come to prepare for their opportunity to serve this great nation. it is a time of tremendous transition, a time thought with trendation and some uncertainty. send your spirit of peace and calm, let all might have confidence in your faithfulness to us and no matter what lies ahead, your grace is abundantly available. now we approach a week during which al
meant to pelosi. a lot of kudos to the president as well, but nancy pelosi played a major role. i could go on and on. that the policy is a prolific and is a wonderful leader. -- nancy pelosi is a prolific and wonderful leader. host: thank you so much for joining us today. that is our show for the "washington journal." we will take you now live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] chaplain,...